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Dec 26, 2012
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talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements.
talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people...
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Dec 28, 2012
12/12
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we're getting complacent about the fiscal cliff. people are for getting about just about everything. why not get out, take a look and re-evaluate. >> are you saying everybody go to cash? >>> you know what, obviously there's going to be a small mix of stocks, bonds, cash. you know what, why don't you keep your cash. what you could do for next year, maybe if we do get a selloff maybe you could find some great entry points in the beginning of next year. >> anthony grisante, what do you think? anthony? >> it's very prudent to do that right now. i think you see the volumes on the exchanges. i know in crude oil it's about half of what it usually is. bonds, the same thing. a lot of people are staying on the sidelines. i think you have to be ready for when a deal is done and ready to jump back into the markets. >> here's the thing. i mean, when he says he's in nothing, he's not saying he's going short but anybody who's got a long portfolio and has to sell, it's the equivalent of going short, right? telling people to sell at this point is a
we're getting complacent about the fiscal cliff. people are for getting about just about everything. why not get out, take a look and re-evaluate. >> are you saying everybody go to cash? >>> you know what, obviously there's going to be a small mix of stocks, bonds, cash. you know what, why don't you keep your cash. what you could do for next year, maybe if we do get a selloff maybe you could find some great entry points in the beginning of next year. >> anthony grisante,...
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Dec 30, 2012
12/12
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and they get together, and they chant fiscal cliff, fiscal cliff, fiscal cliff. and if you're an intelligence politician and you walk out to do a press conference and you say what i just said to you -- which is the fiscal cliff is a fantasy, it is an excuse to panic, it's a device to get all of us running down the road so we accept whatever obama wants because otherwise we have failed the fiscal cliff, and how can you be a patriot if you don't do what the fiscal cliff requires? and the fiscal cliff will tell us one afternoon much like the land of oz where there will be this person hiding behind the machine who will say raise taxes now. and if you don't raise taxes now, you'll have violated the fiscal cliff. now, do any of you want to be the person who stands up and destroys america by violating the fiscal cliff? do you want to explain that you are so out of touch of life that you don't care america's going to die late on thursday? [laughter] it's all right if that's the kind of person you are, because we just need to know it now because we're never going to sched
and they get together, and they chant fiscal cliff, fiscal cliff, fiscal cliff. and if you're an intelligence politician and you walk out to do a press conference and you say what i just said to you -- which is the fiscal cliff is a fantasy, it is an excuse to panic, it's a device to get all of us running down the road so we accept whatever obama wants because otherwise we have failed the fiscal cliff, and how can you be a patriot if you don't do what the fiscal cliff requires? and the fiscal...
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Dec 26, 2012
12/12
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that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling, bill. >> thanks very much for the breaking news. we'll keep monitoring the situation. thanks, john harwood. a look now at financial sector and whether or not you should put your money in the banks. >> 12 months ago there was a lot of buzz about the regionals, but now it's the big banks that have done really, really well. we have the president and ceo at bell rock capital and jeffrey hart. welcome back. >> cassandra, how did we get that wrong, those saying was not a good environment for about the banks, 2012, low interest rates, you know, the low loan dem
that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling,...
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Dec 28, 2012
12/12
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dairy farmers and wynn farms facing their own fiscal cliffs in addition to the actual fiscal cliff. whatever cliff are you worried about? tweet us at "squawk on the street." we'll have your responses next. . time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. [ male announcer ] th
dairy farmers and wynn farms facing their own fiscal cliffs in addition to the actual fiscal cliff. whatever cliff are you worried about? tweet us at "squawk on the street." we'll have your responses next. . time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your...
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Dec 27, 2012
12/12
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so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a little bit becau
so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being...
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Dec 26, 2012
12/12
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cliff and hold it through the fiscal cliff or over the fiscal cliff, it damages everybody, all spectrums of income, tax brackets. it would hurt the economy. we just don't think that politicians are that dedicated or that adamant on the positions that they hold at least today. so we think we're going to -- in terms of towards the end of the year here, it doesn't look like they're going to repair this thing before new year's day but we do think that what will happen is in january they'll get their act together and we'll get something to go forward. we think the markets will respond positively. >> you do admit that things could get a whole lot worse from a market standpoint before they get better, right? >> if nothing is done, and we just do not feel at this point that knock will be done. we think that investors who are concerned that nothing will be done and the washingtonians will stick to that through the first quarter flat second quarter should be buying puts at this point. from the perspective that we see now, from the words that came out of both the president as well as the speaker of
cliff and hold it through the fiscal cliff or over the fiscal cliff, it damages everybody, all spectrums of income, tax brackets. it would hurt the economy. we just don't think that politicians are that dedicated or that adamant on the positions that they hold at least today. so we think we're going to -- in terms of towards the end of the year here, it doesn't look like they're going to repair this thing before new year's day but we do think that what will happen is in january they'll get...
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Dec 28, 2012
12/12
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not understand what exactly the fiscal cliff is. what this may say about the whole cliff situation. that's when we come right back. you better come back and join us once again. y wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> all right. the selloff is intensifying right now. if you're just joining us, keeping tax o
not understand what exactly the fiscal cliff is. what this may say about the whole cliff situation. that's when we come right back. you better come back and join us once again. y wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now...
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Dec 26, 2012
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have you heard about the fiscal cliff? we go deeper into another cliff that's more of a threat to our economy. it is the container cliff. >>> i own maria's italian kitchen. we employ 400 people. the fiscal cliff is going to impact our business, who knows how much we can spend to increase our business and expansion may not be possible. the customers are so uncertain as to how they will spend their money that eating out may be considered a luxury. it really hinders our expansion possibilities. this is not a partisan issue. this is an american issue. the american people have been on a roller coaster for the past four years. it's time for them to get on stable ground. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a d
have you heard about the fiscal cliff? we go deeper into another cliff that's more of a threat to our economy. it is the container cliff. >>> i own maria's italian kitchen. we employ 400 people. the fiscal cliff is going to impact our business, who knows how much we can spend to increase our business and expansion may not be possible. the customers are so uncertain as to how they will spend their money that eating out may be considered a luxury. it really hinders our expansion...
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Dec 25, 2012
12/12
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they get together and chant fiscal cliff, face fiscal cliff. it you're an intrejt politician and you say what i said which is the fiscal cliff isn't a "fantasy." it is an excuse to panic. it's a device to get us running down the road so we accept whatever obama wants otherwise we failed the fiscal cliff how can you be a patriotism if you don't what the fiscal cliff requires and they will tell us much like the land of oz. there will be the person hiding the behind the machine that say raise taxes now. and if you don't raise taxes now you violated the fiscal cliff. do you want to be the person who stands up and destroying america? do you want to go on one of the national networking and explain your reactionary and out of touch with life you don't care that america is going to die late on thursday? [laughter] it's all right if that's kind of person you are. we're never going schedule you. you will be never on television. you are clearly weird. [laughter] let me start with the idea and say there is no fiscal cliff. we had a bad election. we did a n
they get together and chant fiscal cliff, face fiscal cliff. it you're an intrejt politician and you say what i said which is the fiscal cliff isn't a "fantasy." it is an excuse to panic. it's a device to get us running down the road so we accept whatever obama wants otherwise we failed the fiscal cliff how can you be a patriotism if you don't what the fiscal cliff requires and they will tell us much like the land of oz. there will be the person hiding the behind the machine that say...
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Dec 27, 2012
12/12
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the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather listen to price. >> why do you say it's still very bullish? >> they recovered almost completely the loss which means the markets thinks tax puts will still be in play. the market is saying it's okay, you know, we've had an increase in market cap this year in the s&p 500 over $1 trillion. >> right. >> that's more than the cliff. >> let me go to my facebook friend michael carr. you speak washington ese. the house is convening. the president is -- >> doesn't it just make you sick? >> the were inthing you want to watch is eachon javers. i thought it was a perfect graphic. it's fabulous. you can't make it up. >> what do you do when you don't know what's going to happen, and you really don't. if you can get the debt limit thing right and guess how it's going to turn out or guess that it's actually going to d
the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather listen to price. >> why do you say it's still very bullish? >> they recovered almost completely the loss which means the markets thinks tax puts will still be in play. the market is saying it's okay, you know, we've had an increase in market cap...
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Dec 27, 2012
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we're going over the fiscal cliff but shortly there after, gold is going. long term i want gold but short term not so much. >> now you know what these guys think. what about you? if we do go over the cliff, would gold go higher or lower. tell us. sean egan tells us if going over the cliff would mean a slash in the credit rating and ralph acampora, two shows, 1:00 p.m. >> we'll catch you at the top of the hour. give me a target for gold next year. it's at $1660. are we going substantially higher or towards 15? are not and gold and silver has had every reason to move higher in the fourth quarter in 2012. it has not. i think the love affair hedge funds have had with gold is over and view 2013 is the year gold will finally under-perform. >>> coming up, delta's flight status, can it continue its flying stock market run into the new year, one stock, two opinions. we debate it. >>> home prices on track positive for the first time since 2006. which real estate stocks are traders banking on now? >>> japanese stocks trading on highs as the market plunges. ♪ [ cows
we're going over the fiscal cliff but shortly there after, gold is going. long term i want gold but short term not so much. >> now you know what these guys think. what about you? if we do go over the cliff, would gold go higher or lower. tell us. sean egan tells us if going over the cliff would mean a slash in the credit rating and ralph acampora, two shows, 1:00 p.m. >> we'll catch you at the top of the hour. give me a target for gold next year. it's at $1660. are we going...
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Dec 27, 2012
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only four hours to go until america goes over the fiscal cliff. the dow jones industrial average down 113 points. had been down 148 points. look at that as we come on the air back above 13,000 level, not by much. the nasdaq, the biggest decline. 33 points. below 3,000 now at 2957. actually, hasn't been below 3,000 before that. s&p lower by 14 points. a decline of 1%. 1405 so holding onto the 1400 level. president obama is back at the white house. all eyes are on senate lawmakers now. amam jabbers is in washington. >> reporter: president obama did cut his vacation short in hawaii. he has arrived back at the white house this morning. the president emerging from marine one. what he's going to work on here in washington is pretty much anybody's guess at this point. the senate came back into session this morning and senate majority leader harry reid took to the senate floor to explain that he thought a $250,000 and above extension of the tax -- bush tax cuts could, in fact, pass and he was extremely, extremely angry in ways that you really hear on the
only four hours to go until america goes over the fiscal cliff. the dow jones industrial average down 113 points. had been down 148 points. look at that as we come on the air back above 13,000 level, not by much. the nasdaq, the biggest decline. 33 points. below 3,000 now at 2957. actually, hasn't been below 3,000 before that. s&p lower by 14 points. a decline of 1%. 1405 so holding onto the 1400 level. president obama is back at the white house. all eyes are on senate lawmakers now. amam...
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Dec 28, 2012
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. >>> there is a full cornucopia of cliffs on this fiscal friday. the president plans to pop another tax proposal on congress, but will it pass? the clack is ticking. latest ahead. >>> so what would a cliff jump really mean for american business? you will hear directly as we reconvene our exclusive small biz all-star panel. >>> plus, call it the retail hu "hunger games." three companies that may not survive. >>> predictions 2013. big calls for the new year, mandy. >>> bring it on. the s&p 500 is on track for a fifth straight decline. some of the hope does seem to be coming out of the market of late for a deal. of course, there could still be time. nonetheless, what we have seen is a drop of 1.3% so far this week. indead, the s&p's longest losing streak in three months. even the good news on home sales. not helping the three major averages which are on pace for their biggest weekly drop in six weeks. keep in mind, many investors are still away for the holiday shortened week. volume is light. that does tend to exacerbate market swings. let's get down
. >>> there is a full cornucopia of cliffs on this fiscal friday. the president plans to pop another tax proposal on congress, but will it pass? the clack is ticking. latest ahead. >>> so what would a cliff jump really mean for american business? you will hear directly as we reconvene our exclusive small biz all-star panel. >>> plus, call it the retail hu "hunger games." three companies that may not survive. >>> predictions 2013. big calls for the...
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Dec 26, 2012
12/12
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we focus so much on the fiscal cliff. if we shut down 14 or 15 of the biggest ports in america, that could do much more harm than any fiscal escarpment. >> it could do much more harm more quickly. the fiscal cliff on january 1st, the economy's not going to collapse. but the shutdown of these ports, you had $200 billion or $300 billion a year coming into this country through these ports. what i think interesting, the last time we saw an east coast longshoreman strike, port shutdown, was in 1977. a decade which i remember where nothing went right. nothing worked. right now, to me, not much is working so it only stands to reason that we get a strike like this at the worst possible time. >> is it even justified? peter, let me quote something from the "new york post" saying the strike is not about jobs, not about safety. essentially, what it is about is protecting big labor's archaic work practices and corrupt waterfront rackets. nerd, in other words, we are being held hostage to something that's not justified. >> that's labor
we focus so much on the fiscal cliff. if we shut down 14 or 15 of the biggest ports in america, that could do much more harm than any fiscal escarpment. >> it could do much more harm more quickly. the fiscal cliff on january 1st, the economy's not going to collapse. but the shutdown of these ports, you had $200 billion or $300 billion a year coming into this country through these ports. what i think interesting, the last time we saw an east coast longshoreman strike, port shutdown, was in...
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Dec 27, 2012
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the fiscal cliff. yes, people know what the fiscal cliff is outside of this arena. and the third is unseasonably warm weather. >> what about newtown? did that -- >> hard for us -- it had to have. i mean -- that's not something that we can monitor but common sense indicates -- retailers are saying that oh, my god, it did impact us. why not? and that wasp just in the northeast. that was across america. >> right. >> it was devastating. put them all together and it was challenge. >> i bet it made a lot of parents rethink material. >> absolutely. one would think. yes. >> now what? even if you see a pickup in sales afterwards everything has been discounted. this is not that good anymore. >> it is not as bad as you think. a lot of the discounts with retailers was planned. they planned it before they even went into the season. and it depends, too. now, the week after christmas -- >> my point is if -- the sweater full price before christmas, and now you del stay purchase and you buy it 75% off after christmas, it is a lower margin. >> yes. absolutely. but some of these retai
the fiscal cliff. yes, people know what the fiscal cliff is outside of this arena. and the third is unseasonably warm weather. >> what about newtown? did that -- >> hard for us -- it had to have. i mean -- that's not something that we can monitor but common sense indicates -- retailers are saying that oh, my god, it did impact us. why not? and that wasp just in the northeast. that was across america. >> right. >> it was devastating. put them all together and it was...
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Dec 26, 2012
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you've turn fiscal cliff into a verb meaning do you or do you not fiscal cliff your portfolio. i'm guessing you don't think it's in general a smart idea? >> i think it's difficult to time any event, let alone something like this, particularly when politics is involved. it's quite fashionable to be handicapping what if anything is going to be done, a grand bargain, a downpayment, whatever you want to define it as. at the end of the day the underlying fundamentals of the united states look relatively decent to us. we ultimately think the fiscal cliff will be rendered into a slope and as a consequence one needs to remain equitized because they remain undemanding. in the event you do get some solution, i think they're primed to continue to advance. >> let's pretend for a moment that we don't. we go through the new year. we go through the first week, still nothing, still nothing. there will be a line, mark, won't there where companies start to make cuts in advance of what they pretty much know will be a decline in consumer demand? >> i think you're right, carl. we saw evidence of th
you've turn fiscal cliff into a verb meaning do you or do you not fiscal cliff your portfolio. i'm guessing you don't think it's in general a smart idea? >> i think it's difficult to time any event, let alone something like this, particularly when politics is involved. it's quite fashionable to be handicapping what if anything is going to be done, a grand bargain, a downpayment, whatever you want to define it as. at the end of the day the underlying fundamentals of the united states look...
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Dec 27, 2012
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people seem to think the fiscal cliff is fix the debt. the problem with the fiscal cliff, the thing we're trying to avoid, the actual danger to the economy, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyone's a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much in taxes. it's worth getting a bit of perspective in here. you'll be shocked to know, we got a graph for that. here's what happens if we go over the cliff. you get more than $5 trillion in tax increases off the bat. and now here's what happens if we pass the sainted simpson bowles plan. you've heard of the plan. they have 2.6 trillion in tax increases. president obama's
people seem to think the fiscal cliff is fix the debt. the problem with the fiscal cliff, the thing we're trying to avoid, the actual danger to the economy, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the...
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Dec 27, 2012
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all about the fiscal cliff. it's all about how the distrust in washington really makes some significant progress tomorrow. we need some movement from the president. we need some progress. so, we'll have our keen eye on that and more importantly, we'll have our keen eye on discussions surrounding the 2% payroll tax cut which has been quite absent. so, hopefully tomorrow we'll see some sort of progress on that front. >> all right, gentlemen, thank you both for, all three for joining us today and we will watch very carefully. tomorrow could be very, very interesting. that does it for us. thank you for watching. >> indeed. "fast money" starting right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's top three trades. cliff hanger. will we or won't we fall off the edge? only two trading days left to take your positions. block buster returns. his stock is up nearly 90%. michael burns of lionsgate gives us a sneak peak. and technical difficulty. why the chart
all about the fiscal cliff. it's all about how the distrust in washington really makes some significant progress tomorrow. we need some movement from the president. we need some progress. so, we'll have our keen eye on that and more importantly, we'll have our keen eye on discussions surrounding the 2% payroll tax cut which has been quite absent. so, hopefully tomorrow we'll see some sort of progress on that front. >> all right, gentlemen, thank you both for, all three for joining us...
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Dec 28, 2012
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in the meantime, we'll look at the impact the fiscal cliff has on individual states. montana unlike many, may be facing a double whammy. not only are rising taxes a threat on households, but federal aid for things like acculture could compound the problems if we go over the cliff. >> indeed, joining us to spell out the details is montana governor schweitzer. great to have you with us. we heard from a farmer in your state. he laid out the wation and it didn't sound good at all. what do you see as the impact on your state from that? >> don't tax me. tax the guy behind the tree. that's what we're faced with. everybody wants to pay lower taxes and get more services if you're in defense, you say, we need the money. if you're in agriculture, you see we need subsidized crop insurance. where does it end? in montana, we've had eight years of -- they're not willing to do that in washington, d.c. they just kick the can down the road. >> what does it mean in terms of federal aid or reduction in federal aid if we go over the fiscal cliff and even if we don't go over the cliff, and
in the meantime, we'll look at the impact the fiscal cliff has on individual states. montana unlike many, may be facing a double whammy. not only are rising taxes a threat on households, but federal aid for things like acculture could compound the problems if we go over the cliff. >> indeed, joining us to spell out the details is montana governor schweitzer. great to have you with us. we heard from a farmer in your state. he laid out the wation and it didn't sound good at all. what do you...
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Dec 27, 2012
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five days until we fall off the fiscal cliff. the president returning to washington to try to negotiate things there. doug luzader is life with the president's plans and what could happen if a deal isn't reached in time. >> the president is in the air on board air force one heading back from hawaii. he is going to come back from washington where not much has changed. as far as congress is concerned the senate will be meeting today. interesting little tidbit this is the first time since 19170 there have been legislative business conducted in the weeks of between christmas and new years. we will see some activity on hap t capitol hill. there may be a stopgap measure to try to prevent the calamity that happens at the end of the year if we reach the fiscal cliff. if we do not have some kind of a compromise. here's what's going to happen. just about everybody is going to have a tax increase. the number goes up significantly with incomes. if you are talking 200 to 500,000 in income almost 14,000 dollars in tax hikes. the wealthiest ame
five days until we fall off the fiscal cliff. the president returning to washington to try to negotiate things there. doug luzader is life with the president's plans and what could happen if a deal isn't reached in time. >> the president is in the air on board air force one heading back from hawaii. he is going to come back from washington where not much has changed. as far as congress is concerned the senate will be meeting today. interesting little tidbit this is the first time since...
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Jan 1, 2013
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republicans are leaving right now to talk about how to hand the fiscal cliff. house republican leader eric cantor says he can't support the senate bill. democrats are urging house leaders to let members vote on this bill. >> a raging fire tore through a church in a county today. they are devastated today and investigators are trying to determine the cause and church leaders trying to find a place to worship on sunday. >> at the stroke of midnight same-sex couples began getting married. seven couples tied the note early this morning. they were the force to take advantage of the new law legalizing same-sex marriage. and same-sex marriage is recognized in nine states. there are many other new laws that go sby effect today. we break down some of the new intrigues new laws. >> in california driverless car ace allowed on the highways. a human still had has to be in the passenger seat and californians can use their smartphones to prove they have insurance. >> it is a wonderful thing. if you have your insurance with you all the time, we have our drivers license on ther
republicans are leaving right now to talk about how to hand the fiscal cliff. house republican leader eric cantor says he can't support the senate bill. democrats are urging house leaders to let members vote on this bill. >> a raging fire tore through a church in a county today. they are devastated today and investigators are trying to determine the cause and church leaders trying to find a place to worship on sunday. >> at the stroke of midnight same-sex couples began getting...
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Dec 27, 2012
12/12
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the fiscal cliff is scary and should be scary. another recession. higher unemployment. economic slowdown. tax money taken out of the economy. those are major concerns. we're going to have to react as a business and it could result in cutbacks. the fiscal cliff was meant to be something that nobody wanted to go anywhere near, and here we are about to go off it. we really need our elected officials to figure this out. come up with a reasonable compromise that keeps our economy growing and gives us some certain about the future so we can make our plans as business leaders. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> fiscal cliff fears pushing stocks lower but we're well off those lows right now and news that the house
the fiscal cliff is scary and should be scary. another recession. higher unemployment. economic slowdown. tax money taken out of the economy. those are major concerns. we're going to have to react as a business and it could result in cutbacks. the fiscal cliff was meant to be something that nobody wanted to go anywhere near, and here we are about to go off it. we really need our elected officials to figure this out. come up with a reasonable compromise that keeps our economy growing and gives...
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Dec 26, 2012
12/12
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>> melissa, i want to bring you up to date on the fiscal cliff developments. first of all, as you mentioned, secretary geithner has informed the senate that the united states government will hit its debt ceiling on monday. that is december 31st. now, that doesn't mean that anything happens immediately, because the treasury can take various steps to postpone the moment of reckoning, probably a couple of months. it's still significant. that's an effort to pressure congress. secondly, the house republicans have met, leadership has met, sent a letter to democrats saying the house has acted, now it's up to the senate to act. that's, of course, the m theic-controlled senate which has no intention of taking up that house bill, which would extend all of the bush tax cuts. the president wants to only extent cuts for incomes under $250,000. senate democratic leadership aide tells me there's a 50/50 chance for a mini deal, temporary extension of the tax cuts, before january 1st, but we haven't seen any progress on it yet. president obama is coming back early as you menti
>> melissa, i want to bring you up to date on the fiscal cliff developments. first of all, as you mentioned, secretary geithner has informed the senate that the united states government will hit its debt ceiling on monday. that is december 31st. now, that doesn't mean that anything happens immediately, because the treasury can take various steps to postpone the moment of reckoning, probably a couple of months. it's still significant. that's an effort to pressure congress. secondly, the...
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Jan 1, 2013
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this year it's the fiscal cliff. and it just seems like they can't get their act together year after year. it's frustrating to sit here and, you know, watch it happen over and over again. especially we're all students so it affects us a lot. it's really frustrating. >> julie, do you see yourself maybe changing your mind about who you necessary pily vote for the next election based on how members of congress handled the situation? >> actually no. i feel a lot of this has come from the partisanship which is creating the gridlock. i think the far right of the republican party's holding congress hostage to a point. mitch mcconnell says he wants to strike a deal. think about it, history states they've been the party of no. he said from the beginning if obama wants it, why are we going to do it? at the end of the day congress can sit around but these directly affect us. as students, think about the division tax breaks, things will go away and affect my family. within i look at congress, i see it's shifted to one side. i do
this year it's the fiscal cliff. and it just seems like they can't get their act together year after year. it's frustrating to sit here and, you know, watch it happen over and over again. especially we're all students so it affects us a lot. it's really frustrating. >> julie, do you see yourself maybe changing your mind about who you necessary pily vote for the next election based on how members of congress handled the situation? >> actually no. i feel a lot of this has come from...
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Dec 28, 2012
12/12
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>> z we're not on the verge of fiscal cliff, we have already gone over the of fiscal cliff. look at our problem with spending, how bloated our government is. we're $16 trillion in debt. something needs to be done. this year we're going to spend $165 billion more than we receive in social security. $3 we're going to spend for every 65 we receive in social security in medicare. this is absolutely -- we need to stop. this is not fair to young people. it's not fair for future generations they have to inherit this debt. something needs to be done. >> i agree. what do we do when we have personal debt? we raise our income, we want to raise our revenue and cut spending. >> we're not going to take -- >> we put it forward and we've cut spending cut $.5 trillion last year. >> where? >> i want to take money from the private sector and give it to a bunch of bureau kratz. let the money stay in the private sector. don't raise taxes when we have a slow economy. >> why are you telling me that? tell john boehner not to raise taxes. he'll raise them on all of us. the congress is on taxes. ever
>> z we're not on the verge of fiscal cliff, we have already gone over the of fiscal cliff. look at our problem with spending, how bloated our government is. we're $16 trillion in debt. something needs to be done. this year we're going to spend $165 billion more than we receive in social security. $3 we're going to spend for every 65 we receive in social security in medicare. this is absolutely -- we need to stop. this is not fair to young people. it's not fair for future generations they...
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Dec 28, 2012
12/12
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host: what led to the fiscal cliff? guest: the fiscal cliff is the combination of a bunch of different tax and spending decisions made by washington, dating back over the past 12 years. we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for
host: what led to the fiscal cliff? guest: the fiscal cliff is the combination of a bunch of different tax and spending decisions made by washington, dating back over the past 12 years. we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two...
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Dec 27, 2012
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nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the country is in a financial crisis. i think obama gets a superhero cape after this. >> andrea: people say republican goes down either way on this. but the house and the senate, this last election by blaming republicans. does he think he will get blamed for this? no. he figures i can do whatever i want. leave the republicans out for dead. >> eric: he is winning the messaging game. that is clear. >> andrea: i say that with confidence. he was able to say look, i was willing to meet them halfway. more than 50%. they don't want to work with us together. he is coming off strong, comin
nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the...
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Dec 29, 2012
12/12
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i wish we could take -- >> no, they were on the fiscal cliff. >> the fiscal cliff guys and it says -- >> no, they're the best lobbiests i've seen. it showed that the democratic party of that day were pretty much k were copperheads. they were playing ball with the war ending saying that they could let the south keep slavery. >> right. and you know everything didn't really change until the so-called southern strategy. i had to keep doing back flips in my mind whenever parties were mentioned. one party seemed sto stand for one thing, the complete opposite of what it stands for now. >> well, the republican party picked up the dixiecrats. they played that game. here's ben affleck in 1980 by preten pretending to be producing a hollywood movie. >> you've got six people highing out in a town. you want to set up a movie in a week. you want to lie to hollywood, a town where everybody lies for a living, and theb ythen you're going to sneak a 007 and then you're going going to walk the bradybunch out of the most watched city in the world. >> that's right. >> right. look, i've got to tell you. we
i wish we could take -- >> no, they were on the fiscal cliff. >> the fiscal cliff guys and it says -- >> no, they're the best lobbiests i've seen. it showed that the democratic party of that day were pretty much k were copperheads. they were playing ball with the war ending saying that they could let the south keep slavery. >> right. and you know everything didn't really change until the so-called southern strategy. i had to keep doing back flips in my mind whenever...
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Dec 28, 2012
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we're talking about the fiscal cliff. >> it hasn't got ensigned into law. there's no success yet there. >> boehner should move it tomorrow. he should just do that. >> jonathan? >> listen, the president campaigned on a three to one spending reduction and we're not see anything spending here. democrats controlled two-thirds of the chips. >> joy ann, why is this all about taxes? >> one reelection and the -- it doesn't do that much spending. >> it's been all about taxes. >> all about raising taxes. >> there's this obsession with raising taxes. >> it was to go after school lunches and elderly care, health care for poor kids and increased spending. >> no, no, no, they want entitlement reform, joy ann. why this obsession with cutting old people's medicare? >> it's not an obsession about cutting benefits to the elderly, joy ann. it's about reforming medicare over time so at some point in the future we don't tell an 80-year-old you know what? you're not going get the medicare cha you thought you would have. this is about not hurting the elderly. >> the republican so
we're talking about the fiscal cliff. >> it hasn't got ensigned into law. there's no success yet there. >> boehner should move it tomorrow. he should just do that. >> jonathan? >> listen, the president campaigned on a three to one spending reduction and we're not see anything spending here. democrats controlled two-thirds of the chips. >> joy ann, why is this all about taxes? >> one reelection and the -- it doesn't do that much spending. >> it's been...
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Dec 30, 2012
12/12
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now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said if republicans stop they will be to blame for the fiscal cliff. what role do you have in this don't you have to show leadership to break the imabout passe? the president went back to pointing the finger at republicans. take a list. >> speaker boehner and republican leader mcconnell to accept the fact taxes on wealthiest americans should go up a little bit. if folks can't say yes to good offers i have an obligation of the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >
now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said...
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Dec 28, 2012
12/12
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the one thing that can scuttle it is if we do fumble the fiscal cliff. if it becomes a problem and the u.s. goes off the rales, the dollar yen becomes in trouble. the japanese side of the equation will continuously pressure the b.o.j. we'll probably try to target that 90 level that abbe wants by next year. that's how the trade sets up for now. >> boris, good to talk to you as always. i like the casual friday look. i hope we didn't drag you in this morning? >> no, you didn't, but i did have to shave for you guys. >> happy new year. we'll see you on the other side. >> we'll see you. >> don't forget to check out money in motion. it airs on cnbc at 5:30 eastern. time to play a little year end hold 'em or fold 'em. let's start with the good ones, fellas. the year's biggest dow gainers. there they are, home depot, jpmorgan, bank of america. >> hold 'em, hold 'em, hold 'em, all of 'em. >> all three. >> you must like home depot if you like the home builders. >> love home depot. love jpmorgan. bank of america we're out of. >> take a look at the losers. we'll disc
the one thing that can scuttle it is if we do fumble the fiscal cliff. if it becomes a problem and the u.s. goes off the rales, the dollar yen becomes in trouble. the japanese side of the equation will continuously pressure the b.o.j. we'll probably try to target that 90 level that abbe wants by next year. that's how the trade sets up for now. >> boris, good to talk to you as always. i like the casual friday look. i hope we didn't drag you in this morning? >> no, you didn't, but i...
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Dec 29, 2012
12/12
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they are embracing the fiscal cliff. we got obamaened a democrats in the conservative thunder bird ready to put the pedal to the metal on the fiscal cliff. they can raise taxes. they can cut military spending and they can blame the g.o.p. when the g.o.p. is doing the smart thing here wanted pointing the finger at the real problem, which is out of control spending. fixing this problem is not going to be easy but it's not complicated. we can't rely on raising taxes. we have to focus on cutting spending. that's what republicans are doing. even more so with geithner pointing out warning us on coming up on the debt ceiling. this goes to show we have out-of-control spending and raising taxes is not going to get us out of this mess. >> if you realize most of all most americans think you are going to need a combination of tax hikes and spending cuts. it's not just one half of the deal. this is republicans and democrats it's about 70% of americans. it's not just a one sided deal. the second thing to say is, you know, these guys a
they are embracing the fiscal cliff. we got obamaened a democrats in the conservative thunder bird ready to put the pedal to the metal on the fiscal cliff. they can raise taxes. they can cut military spending and they can blame the g.o.p. when the g.o.p. is doing the smart thing here wanted pointing the finger at the real problem, which is out of control spending. fixing this problem is not going to be easy but it's not complicated. we can't rely on raising taxes. we have to focus on cutting...
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Dec 27, 2012
12/12
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the fiscal cliff is going to impact our business. who knows how much we can spend to increase our business. an expansion may not be possible. the customers are so uncertain how they will spend their money that eating out may be a luxury. it hinders our expansion. this is an american issue. the american people have been on a roller coaster for the past four years. it's time for them to get on stable ground. we believe the m, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. whatever, have helped to contribute to the hopium. here's a big question. does the fha do what it was meant to do, help lower and middle income families achieve their dream of homeownership or does it hurt? fannie mae
the fiscal cliff is going to impact our business. who knows how much we can spend to increase our business. an expansion may not be possible. the customers are so uncertain how they will spend their money that eating out may be a luxury. it hinders our expansion. this is an american issue. the american people have been on a roller coaster for the past four years. it's time for them to get on stable ground. we believe the m, the better you trade. so we have ongoing webinars and interactive...
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Dec 29, 2012
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there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the program, but the market's very unhappy. we do have some good news to report tonight. looks like at least one cliff has been averted for the time being. the so-called container cliff. the union that represents dock workers and u.s. maritime lines came to an agreement today to extend their current contract for 30 days. this is a big relief now for the retail industry and consumers who were staring at real destruction again for the supply chain. here now is jonathan gold and he's vice president of supply chain and customs policy for the national retail federatio
there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the...
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Dec 26, 2012
12/12
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uncertainty about the fiscal cliff. they are moving up it is yet another example of how we get around this. i would point out when companies are not paying out the dividends, it means we get waste we don't like. instead they spend on offices and private jets and otherwise they might have distributed those funds much >> yes. john tamny, have a great new years. >> and coming up on the show . how late is too late to get your kids eating right? >> and other questions from parents looking for a healthiier new year for their kids. ready to buy a home? we'll show you where to get the most of your money. top towns to buy in now. ♪ [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you
uncertainty about the fiscal cliff. they are moving up it is yet another example of how we get around this. i would point out when companies are not paying out the dividends, it means we get waste we don't like. instead they spend on offices and private jets and otherwise they might have distributed those funds much >> yes. john tamny, have a great new years. >> and coming up on the show . how late is too late to get your kids eating right? >> and other questions from parents...
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Dec 27, 2012
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on the fiscal cliff. republicans have been resisting that by announcing the debt ceiling limit will be held on monday, ratchets up the pressure to include the debt ceiling piece in the final package, whatever that may be, but still not clear, carl, there is going to be a final package of any kind. one quick note, we saw the realism. pact in the real world of the debt situation. treasury announcing yesterday it has suspended the sale of state and local government securities, government series securities. so already, they are doing some maneuvering here financially to try to avoid that debtly limit. the treasury secretary says he doesn't know how much wiggle room they are going to have, given that all the fiscal cliff uncertainty is out there. >> eamon, on this idea that the house members get called back with 48 hours' notice. traders are looking for that headline if it happens almost that bleed out there or procedural moment where that is announced, so to speak? >> a good question. i have been in touch wit
on the fiscal cliff. republicans have been resisting that by announcing the debt ceiling limit will be held on monday, ratchets up the pressure to include the debt ceiling piece in the final package, whatever that may be, but still not clear, carl, there is going to be a final package of any kind. one quick note, we saw the realism. pact in the real world of the debt situation. treasury announcing yesterday it has suspended the sale of state and local government securities, government series...
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Dec 24, 2012
12/12
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WBAL
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. >> one week until the fiscal cliff. lawmakers will return from their holiday recess. >> the ravens come back with a vengeance after three straight losses. >> santa has already begun his trip across the world. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 6:00 a.m. >> good morning. i am sarah caldwell. >> i am jennifer franciotti. happy christmas eve. >> things look good for santa. all his helpers' are trying to finish up their preparations. there could be some slippery conditions out on the roads. a lot of clouds building into the mid-atlantic. the rain is reaching parts of southern virginia. this will turn over to an icy mix. look at the temperatures right now. it will not be pure rain. we will see some sleet around baltimore. it will be chilly today. watch out for the slippery conditions. >> so far pretty light traffic. >> 1 accident along greenspring valley r
. >> one week until the fiscal cliff. lawmakers will return from their holiday recess. >> the ravens come back with a vengeance after three straight losses. >> santa has already begun his trip across the world. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 6:00 a.m. >> good morning. i am sarah caldwell....
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Dec 29, 2012
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the fiscal cliff. a fiscal cliff special coming up new year's day. i have to go to bed early. too bad. >> sorry. >>> the next hour of "cnn saturday morning" begins right now. -- captions by vitac -- www.vitac.com >>> good morning, everyone. i'm alison kosik. >> and i'm chp cristi paul. we hope this saturday's been good to you so far. >>> and hope coming from washington with negotiations going on this weekend between the two top senate leaders. cnn radio capitol hill correspondent lisa desjardins is in washington. good morning, lisa. you were on capitol hill yesterday for all of the political action between president obama, congressional leaders. do you think we're closer to a deal? i'm hearing optimism from the president. is that real or is that imagined? >> reporter: right. what do you say? mod deftly or moderately optimistic he said? i think it's for real. people have wanting to get to this point for even a chance at a deal. that's where we are. not a deal yet but there's a chance for a deal. now two senators being the principal negotiators. mitch mcdonaconnell and harry r.
the fiscal cliff. a fiscal cliff special coming up new year's day. i have to go to bed early. too bad. >> sorry. >>> the next hour of "cnn saturday morning" begins right now. -- captions by vitac -- www.vitac.com >>> good morning, everyone. i'm alison kosik. >> and i'm chp cristi paul. we hope this saturday's been good to you so far. >>> and hope coming from washington with negotiations going on this weekend between the two top senate leaders....
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Dec 24, 2012
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fiscal cliff. >> i think we're going to fall out of the fiscal tree. there will not be a big deal. >> reporter: confidence in any progress now at a minimum. lawmakers return from their holiday recess on thursday, and when they do, they will have their work cut out for them. reporting live in washington, i'm danielle leigh. veronica, back to you. >>> thank you so much. >>> the pentagon says the commanding officer of s.e.a.l. team 4 has died in afghanistan. 42-year-old joe w. price died saturday of what u.s. military officials are calling a noncombat injury. they tell nbc news his death is being investigated as a possible suicide. s.e.a.l. team 4 was part of a mission to train local afghan police to combat the taliban. >>> in the meantime in what is being called a possible insider attack, a civilian advisor was shot this morning by a woman wearing an afghan police uniform at kabul police headquarters. at least 53 international troops have been killed by afghan soldiers or police this year. >>> back here at home now, it is crunch time for holiday shoppers
fiscal cliff. >> i think we're going to fall out of the fiscal tree. there will not be a big deal. >> reporter: confidence in any progress now at a minimum. lawmakers return from their holiday recess on thursday, and when they do, they will have their work cut out for them. reporting live in washington, i'm danielle leigh. veronica, back to you. >>> thank you so much. >>> the pentagon says the commanding officer of s.e.a.l. team 4 has died in afghanistan....
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Dec 29, 2012
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economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but that is what we hoped a lot. i think that the next 24 hours will be very instructive as to what we are able to accomplish. >> if it doesn't work president obama wants lawmakers to vote on what would essentially be plan c. here
economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate...
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Dec 29, 2012
12/12
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cliff because the fiscal cliff compass more than just taxes. you've got the quester and the unemployment insurance. the republicans and democrats know that they can't afford to go back in a recession at this point and the republicans are going to get blamed for it. the taxes still increased and y'all promised not to do that and on the other hand, if they make a deal now, they can go back and say look, we're not in total control. we only control the one branch of government so we made a deal to keep the taxes, you know, low on 98% of the country and that's to win. and as far as the sequester, the afford to lose all those military jobs. that's 100 million jobs possibly lost. and then you've got the unemployment, you know, two million people unemployment, they can't afford not to have that revenue injected into the system so i believe come monday, they're going to have a deal. i believe it. there's not -- they are not -- i'm going to guarantee you you guys. host: eve got a guarantee from antonio. joseph rosenberg who makes a living researching thi
cliff because the fiscal cliff compass more than just taxes. you've got the quester and the unemployment insurance. the republicans and democrats know that they can't afford to go back in a recession at this point and the republicans are going to get blamed for it. the taxes still increased and y'all promised not to do that and on the other hand, if they make a deal now, they can go back and say look, we're not in total control. we only control the one branch of government so we made a deal to...
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Dec 26, 2012
12/12
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WBAL
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he and lawmakers will try to prevent the economy from going over the fiscal cliff. anyone who has not taken advantage of the homestead tax credit better act fast. if you have two days left to save hundreds of dollars at tax time. postmarked by december 31, or you will have to wait another year. its stems from legislation enacted in 2007 by the state general assembly. homeowners must apply to maintain eligibility for the credit. still ahead, aerial volunteers spent the holiday serving others. an organization will help keep hundreds and warmer this winter. and that when a missouri school did to put a smile back on their custodian's face. >> the weather is going to turn active as we had through the next of the week. partly to mostly cloudy. 36 at the airport. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a litt
he and lawmakers will try to prevent the economy from going over the fiscal cliff. anyone who has not taken advantage of the homestead tax credit better act fast. if you have two days left to save hundreds of dollars at tax time. postmarked by december 31, or you will have to wait another year. its stems from legislation enacted in 2007 by the state general assembly. homeowners must apply to maintain eligibility for the credit. still ahead, aerial volunteers spent the holiday serving others. an...
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Jan 1, 2013
01/13
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WTTG
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cliff. technically we've gone over the cliff. doesn't feel any different. >> doesn't feel different. they did a clever thing which i haven't thought of is today there is no stock market. there's a holiday. remember for the package that in the days of the bush administration, the market went down over 700 points and all of a sudden they found religion and they passed something. there is no market today. so we don't have the injury or pain but tomorrow there will be and believe me, if there is no deal and it doesn't vote favorably in the house and the president doesn't sign the bill, watch the stock market. >> is this whatever happens do you get the sense, this is going to be a short-term solution until we get to this february debt ceiling? >> oh, absolutely. the debt ceiling is going to make this look like kindergarten. >> fox 5 political analyst. >> another big story we are following don't same sex marriage in maryland it's now officially legal for couples to wed. and what a way to start the
cliff. technically we've gone over the cliff. doesn't feel any different. >> doesn't feel different. they did a clever thing which i haven't thought of is today there is no stock market. there's a holiday. remember for the package that in the days of the bush administration, the market went down over 700 points and all of a sudden they found religion and they passed something. there is no market today. so we don't have the injury or pain but tomorrow there will be and believe me, if there...
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Dec 24, 2012
12/12
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fiscal cliff. two republican senators on the sunday talk shows yesterday say they agree with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun laws in this country. good morning this monday, december 24, 2012. we will begin this morning with your thoughts on religion and politics. as a religion influence your political decisions? also send us your tweet if you go to twitter.com -- we will begin with the sunday review section of the "the new york times" yesterday. we want to get your take on this. it does religion influence your politics? with more people saying they are unaffiliated. we want to get your take. here are some comments from facebook this morning. what are your thoughts on this december 24, 2012. it does religion influence your politics? let me show you this from "the new york times" this morning. a new poll out worldwide religion shows up that one out of six follows no religion. th
fiscal cliff. two republican senators on the sunday talk shows yesterday say they agree with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun laws in this country. good morning this monday, december 24, 2012. we will begin this morning with your thoughts on religion and politics. as a religion influence your political decisions? also send us your tweet if you go to twitter.com -- we will...
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Dec 30, 2012
12/12
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FOXNEWSW
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the first step is the fiscal cliff. if we take $700 billion out of our economy over the next year, our gross domestic product will grind do a halt. we will have zero growth next year, which means a recession. what they have to do now, i know it's ridiculous, but over the next few dayings, get that down to about $100 to $200 billion. brad's spot on. we cannot afford these crazy cuts across the defense and domestic programs at this particular time. if we can get it below $200 billion, then we can have -- instead of a fiscal cliff, a gradual slope so that, like a skier on a bunny slope, our economy -- which is fragile -- will continue to accelterate. then, what has to be done, is step back, as brad noted and say that simpson-bowles gave us a good outline. $1 of revenue for every $2 of tax cuts. we have to have the political courage in washington, d.c. to make this work for americans? >> how come we don't have that political courage? >> well, i don't know. you know, my take is that having been in the navy, the thing we most
the first step is the fiscal cliff. if we take $700 billion out of our economy over the next year, our gross domestic product will grind do a halt. we will have zero growth next year, which means a recession. what they have to do now, i know it's ridiculous, but over the next few dayings, get that down to about $100 to $200 billion. brad's spot on. we cannot afford these crazy cuts across the defense and domestic programs at this particular time. if we can get it below $200 billion, then we can...
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Dec 28, 2012
12/12
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let president obama own the fiscal cliff. it should be called the obama cliff. >> julia: people know how much they would have to pay. folks on the man on the street interviews . people are looking at the numbers going what. >> kelly: in today's meeting should be a crucial meet the white house should have come with its plan and boehner should have come with a plan and senator reid should come with a plan but senator reid is name call speaker of the house john boehner giving retaliation of what is done . you have a lot of name calling. listen to what boehner said in response to senator reid. senator reid should talk less and legislate more. the house has passed legislation to avoid the entire fiscal cliff and senate democrats have not. now they are coming into the meeting and there is already acrimoney instead of reconciliation. >> part of the problem, i am sorry, the house passed two spending bills and ideas to meet the fiscal cliff and cent -- subject it to the senate. they have two over there . john boehner said let me get t
let president obama own the fiscal cliff. it should be called the obama cliff. >> julia: people know how much they would have to pay. folks on the man on the street interviews . people are looking at the numbers going what. >> kelly: in today's meeting should be a crucial meet the white house should have come with its plan and boehner should have come with a plan and senator reid should come with a plan but senator reid is name call speaker of the house john boehner giving...